Many Australians find traditional methods for learning about finances, like websites and courses, to be boring and confusing, however, new research by ING Australia reveals a surprising alternative: digital games!
The survey of over 1,000 Australians found that 71% believe games can be educational for financial literacy. Among gamers, nearly half (38%) say playing games has positively influenced their saving habits.
Popular games like The Sims (51%) and Minecraft (42%) topped the list for helping Aussies understand finances. Players develop skills like budgeting (25%), understanding profit/loss (27%), and general saving habits (28%).
Interestingly, Gen Z Aussies are even more receptive to financial learning through games. Nearly three-quarters (73%) of Gen Z gamers agree games can be educational, and 77% say they learned financial skills from playing.
The Sims is a prime example. Emma, a 25-year-old teacher, credits The Sims for helping her save enough to move out at 18. "Playing video games taught me how to budget better and be more patient towards my financial goals," she says.
Matt Bowen, from ING Australia, sees promise in this trend. "Digital gaming may offer Aussies a fun and engaging way to pick up positive financial habits," he says. "It may also play a role in financial wellbeing for the next generation."
So, fire up your favorite game and get ready to level up your financial skills! And for more traditional tips, ING Australia offers resources at https://www.ing.com.au/.
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